Yum China Holdings Inc (NYSE:YUMC) – Analysts at Oppenheimer issued their Q1 2018 EPS estimates for shares of Yum China in a report released on Thursday, according to Zacks Investment Research. Oppenheimer analyst B. Bittner expects that the company will post earnings of $0.48 per share for the quarter. Oppenheimer currently has a “Outperform” rating and a $45.00 price objective on the stock. Oppenheimer also issued estimates for Yum China’s Q2 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.20 EPS and FY2018 earnings at $1.60 EPS.
A number of other research firms have also weighed in on YUMC. Zacks Investment Research lowered shares of Yum China from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Morgan Stanley reissued an “overweight” rating and issued a $45.00 target price on shares of Yum China in a research note on Monday, October 9th. Instinet reissued a “buy” rating and issued a $51.60 target price (up from $51.50) on shares of Yum China in a research note on Monday, October 9th. Nomura began coverage on shares of Yum China in a research note on Monday, October 9th. They issued a “buy” rating and a $51.60 target price on the stock. Finally, Bank of America reissued a “neutral” rating and issued a $45.10 target price (up from $41.60) on shares of Yum China in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $44.28.
Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Yum China by 28.7% during the 2nd quarter. BlackRock Inc. now owns 27,306,495 shares of the company’s stock valued at $1,076,695,000 after buying an additional 6,087,048 shares during the period. Comerica Securities Inc. purchased a new stake in shares of Yum China during the 2nd quarter valued at approximately $251,000. Ameriprise Financial Inc. raised its position in shares of Yum China by 40.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,514,169 shares of the company’s stock valued at $138,564,000 after buying an additional 1,020,928 shares during the period. Vanguard Group Inc. raised its position in shares of Yum China by 9.2% during the 2nd quarter. Vanguard Group Inc. now owns 3,553,947 shares of the company’s stock valued at $140,133,000 after buying an additional 300,116 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Yum China during the 2nd quarter valued at approximately $267,000. 80.07% of the stock is currently owned by hedge funds and other institutional investors.
Yum China Company Profile
Yum China Holdings, Inc is a restaurant company. The Company’s segments include KFC, Pizza Hut Casual Dining, and All Other Segments, including Pizza Hut Home Service, East Dawning, Little Sheep and Taco Bell. As of December 31, 2016, the Company had over 7,500 restaurants in China. Its restaurant base consists of various restaurant concepts.
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